I find it quite pathetic that anyone in the last 6 months really thought the federal reserve would be cutting rates, if anything the next move is a hike. The bulls are praying for a rate cut, guess that is the next catalyst.

yesterday the percent of a rate cut sometime in mid 2007 went from 16% to 20%. They are still anticipating a rate cut. Seems like this is the only MAJOR catalyst to keep this bull market running like it has for the last 9 months.

net treasury investment flow was negative in december. domestic buying is of foreign treasuries. it apparently isnt newsworthy that the u.s. is pissing cash of over 150 billion a month that overseas buyers didnt finance in december. ie - the us will have to print up another 150-300 billiion in december alone. totally out of control. this happening while housing is tanking and lending standards being tightened. yet the market continues to rise... my assessment is we are in the midst of a massive inflationary liquidity love fest. best played like musical chairs!!! just dont be the last guy standing up when the music stops...